Banco Santander S.A. Acquires 2,173 Shares of TJX Companies Inc (TJX)

Banco Santander S.A. grew its holdings in TJX Companies Inc (NYSE:TJX) by 89.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 4,612 shares of the apparel and home fashions retailer’s stock after buying an additional 2,173 shares during the quarter. Banco Santander S.A.’s holdings in TJX Companies were worth $206,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Kwmg LLC boosted its stake in TJX Companies by 120.6% during the fourth quarter. Kwmg LLC now owns 51,859 shares of the apparel and home fashions retailer’s stock worth $2,320,000 after buying an additional 28,351 shares during the period. Cabot Wealth Management Inc. boosted its stake in TJX Companies by 94.8% during the fourth quarter. Cabot Wealth Management Inc. now owns 177,029 shares of the apparel and home fashions retailer’s stock worth $7,920,000 after buying an additional 86,169 shares during the period. Employees Retirement System of Texas boosted its stake in TJX Companies by 151.3% during the fourth quarter. Employees Retirement System of Texas now owns 336,700 shares of the apparel and home fashions retailer’s stock worth $15,064,000 after buying an additional 202,700 shares during the period. Fiera Capital Corp boosted its stake in TJX Companies by 98.9% during the fourth quarter. Fiera Capital Corp now owns 11,948,123 shares of the apparel and home fashions retailer’s stock worth $534,559,000 after buying an additional 5,941,199 shares during the period. Finally, Cypress Asset Management Inc. TX boosted its stake in TJX Companies by 96.3% during the fourth quarter. Cypress Asset Management Inc. TX now owns 8,000 shares of the apparel and home fashions retailer’s stock worth $358,000 after buying an additional 3,925 shares during the period. Hedge funds and other institutional investors own 88.61% of the company’s stock.

Several research analysts have weighed in on the stock. Loop Capital increased their target price on shares of TJX Companies from $47.00 to $50.00 and gave the stock a “hold” rating in a research note on Wednesday, February 27th. MKM Partners increased their target price on shares of TJX Companies from $58.00 to $61.00 and gave the stock a “buy” rating in a research note on Thursday, February 28th. Cfra raised shares of TJX Companies to a “buy” rating and set a $60.00 target price for the company in a research note on Thursday, February 28th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $62.00 target price (up previously from $56.00) on shares of TJX Companies in a research note on Thursday, February 28th. Finally, Zacks Investment Research lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Thursday, November 22nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $55.06.

In other news, Director Amy B. Lane sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $51.79, for a total value of $51,790.00. Following the completion of the transaction, the director now owns 31,092 shares of the company’s stock, valued at $1,610,254.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.20% of the company’s stock.

NYSE TJX opened at $52.49 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.53 and a debt-to-equity ratio of 0.44. TJX Companies Inc has a one year low of $39.86 and a one year high of $56.64. The company has a market capitalization of $64.64 billion, a PE ratio of 24.88, a price-to-earnings-growth ratio of 1.84 and a beta of 0.66.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, February 27th. The apparel and home fashions retailer reported $0.68 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.68. TJX Companies had a net margin of 7.85% and a return on equity of 57.42%. The business had revenue of $11.13 billion during the quarter, compared to analyst estimates of $11.01 billion. During the same quarter last year, the firm posted $1.30 earnings per share. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. Equities research analysts anticipate that TJX Companies Inc will post 2.61 earnings per share for the current year.

TJX Companies announced that its Board of Directors has authorized a stock buyback plan on Wednesday, February 27th that permits the company to repurchase $2.25 billion in outstanding shares. This repurchase authorization permits the apparel and home fashions retailer to reacquire up to 3.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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TJX Companies Company Profile

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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